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Boeing earnings fall 14% in first quarter

Boeing reported net earnings of $535 million for the first quarter ended March 31, a 14% decline versus net earnings of $623 million in the 2004 period, as significantly higher noncash expenses for share-based plans, pensions and deferred compensation offset strong performance by its Commercial Airplanes and Integrated Defense Systems units.

Total revenue rose just 0.3% to $12.99 billion and total costs and expenses declined 0.2% to $10.78 billion. Earnings from continuing operations fell 16.6% to $687 million from $824 million in the 2004 first quarter.


 

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As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

To find out about obtaining additional data – including the most comprehensive details on organizations, fleets, personnel and programs – click here or call +1.561.279.4661.


 

As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

To find out about obtaining additional data – including the most comprehensive details on organizations, fleets, personnel and programs – click here or call +1.561.279.4661.